PHH Mortgage in Minnesota vs the state
11.8%Denial rate-1.84 pts vs state
23.1%Decision denial rate+6.73 pts vs state
39.2%Origination rate-27.15 pts vs state
6.38%Median rate-0.25 pts vs state
0.35Rate spread (pts)+0.10 pts vs state
$92kMedian applicant income
60Loans originated
18Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 75 | 31 | 18.7% | 7.06% | #223 |
| 2024 | 127 | 44 | 6.3% | 6.88% | #166 |
| 2025 | 153 | 60 | 11.8% | 6.38% | #160 |
What PHH Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most PHH Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 29 | 6 | 4 | 13.8% |
| Anoka County | 14 | 7 | 0 | 0.0% |
| Dakota County | 13 | 5 | 0 | 0.0% |
| Ramsey County | 7 | 4 | 0 | 0.0% |
| Washington County | 7 | 5 | 0 | 0.0% |
| Scott County | 6 | 2 | 0 | 0.0% |
| St. Louis County | 6 | 2 | 0 | 0.0% |
| Sherburne County | 6 | 3 | 3 | 50.0% |
| Wright County | 6 | 1 | 1 | 16.7% |
| Olmsted County | 4 | 0 | 2 | 50.0% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 153 applications in 2025, of which 60 were originated and 18 denied.
11.8% of all applications, or 23.1% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans PHH Mortgage originated in Minnesota in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are PHH Mortgage's own HMDA filing for properties located in Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology